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Definition of project costing

project costing:

"The identification and reporting of all costs generated by a single project. All production orders, purchase orders and inventoried items are separated and pegged to the project in order to provide a total actual cost. A method often used in capital equipment manufacturing and systems integration or professional services projects. "

Get more definitions about project costing and other ERP related terms here. Learn everything you need about ERP software here.

Terms related to project costing:
  Acquisition cost
  Actual cost
  cost of goods sold (COGS)
  p chart
  period cost
  Planned cost
  process costing
  Product costing
  project
  project calendar
  project management
  project team
  projected balance
  projected life
  Standard cost

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